Heidi memo

Part A

Goodwill at acquisition 1 January 2012

Fair value of investment 1,500,000 0.5

Value of NCI 450,000 0.5
Less: Fair value of net assets -1,500,000 0.5 P
Goodwill 450,000 0.5 P

Net Assets
Share Capital 1,000,000 0.5
Retained Earnings 500,000 0.5
Fair value of net asset at acquisition 1,500,000
3
Part B
Analysis of owners equity Heidi
Since
Total At Acquisition Acquisition NCI
At Acquisition
Share Capital 1,000,000 700,000 300,000
Retained Earnings 500,000 350,000 150,000 Award marks if this approached
was followed to calculate
Non-controlling interest 1,500,000 1,050,000 450,000
goodwill in part A
Fair value of investment 1,500,000
Goodwill -450,000

Since Acquisition
Share Capital -
Retained Earnings (800 000 - 500 000) 300,000 210,000 90,000
Other reserves 200,000 140,000 60,000

Current year
Profit for the year 45,000 31,500 13,500
Total 381,500 613,500

Pro-forma consolidation journals for the year ended 31 December 2014

Dr Share Capital (SCE) 1,000,000 0.5

Dr Retained earnings (SCE) 500,000 0.5
Dr Goodwill (SoFP) 450,000 0.5 P
Cr Investment in Peter (SoFP) 1,500,000 0.5
Cr Non-controlling interest (SoFP) 450,000 0.5

Dr Retained earnings (SCE) 0.5 90,000 1.5

Cr Non-controlling interest (SoFP) 0.5 90,000 0.5
(800 000 - 500 000) x 30%

Dr Other reserves (SCE) 0.5 60,000 1

Cr Non-controlling interest (SoFP) 0.5 60,000 0.5
(200 000 x 30%)

Dr Non-controlling share in profit (P/l) 0.5 13,500 1

Cr Non-controlling interest (SoFP) 0.5 13,500 0.5
(45 000 x 30%)

Part C 10.5

Heidi Peter Heidi Group

R R Adj
Revenue 520,000 450,000 970,000 1
Costs of sales -320,000 -300,000 -620,000 1.5
Gross Profit 200,000 150,000 350,000
Distribution costs -30,000 -42,000 -72,000 1
Administrative expenses -45,000 -45,000 -90,000 1
Profit before tax 125,000 63,000 188,000
Income tax expense -20,000 -18,000 -38,000 1
Profit for the year 105,000 45,000 150,000

Profit attributable to:

Shareholders of the parent (150 000 - 13 500) 136,500 1P
Non-controlling interest 13,500 0.5 P

Total 7
Part D

Retained earnings of Heidi at the beginning of the year 1,200,000 0.5

Since acquisition retained earnings of Peter Ltd (800 000 - 500 000) x 70% 210,000 1.5
Profit for the year attributable to shareholders of the parent 136,500 0.5 P
Consolidated retained earnings at the end of the year. 1,546,500 0.5 P

Total 3

Or Heidi Peter Total

Retained earnings at beginning of the year 1,200,000 1,200,000 0.5

Since acquisition retained earnings 210,000 210,000 1.5
Profit for the year 105,000 31,500 136,500 0.5
1,546,500 0.5
Heidi memo

Deel A

Klandisiewaarde met verkryging op 1 Janaurie 2012

Billike waarde van die belegging 1,500,000 0.5

Waarde van NBB 450,000 0.5
Min: Billike waarde van netto bates -1,500,000 0.5 P
Klandisiewaarde 450,000 0.5 P

Netto Bates
Aandele kapitaal 1,000,000 0.5
Behoue verdienste 500,000 0.5
Billike waarde van netto bates met vekryging 1,500,000
3
Deel B
Ontdeling van ekwiteit Heidi
Sedert
Totaal Met vekryging verkryging NBB
Met verkryging
Aandele kapitaal 1,000,000 700,000 300,000
Behoue verdienste 500,000 350,000 150,000 Gee punte as hierdie
benadering gevolg is om
Nie beheredned belang 1,500,000 1,050,000 450,000
klandisiewaarde te bereken
Billike waarde van belegging 1,500,000
Klandisiewaarde -450,000

Sedert Verkryging
Aandele Kapitaal -
Behoue verdienste (800 000 - 500 000) 300,000 210,000 90,000
Ander reserwes 200,000 140,000 60,000

Huidige jaar
Wins vir die jaar 45,000 31,500 13,500
Totaal 381,500 613,500

Pro-forma konsolidasie joernale vir die jaar geëindig 31 Desember 2014

Dr Aandelekapitaal (SvVE) 1,000,000 0.5

Dr Behoue verdienste (SvVE) 500,000 0.5
Dr Klandsiewaarde (SvFP) 450,000 0.5 P
Cr Belegging in in Peter (SvFP) 1,500,000 0.5
Cr Non-beherende belang (SvFP) 450,000 0.5

Dr Behoue verdienste (SvVE)) 0.5 90,000 1.5

Cr Nie-beherende belang (SvFP) 0.5 90,000 0.5
(800 000 - 500 000) x 30%

Dr Ander reserwes (SvVE) 0.5 60,000 1

Cr Nie-beherende belang (SvFP) 0.5 60,000 0.5
(200 000 x 30%)

Dr Nie-beherende belang se deel in winste

(w/l) 0.5 13,500 1
Cr Nie-beherende belang (SvFP) 0.5 13,500 0.5
(45 000 x 30%)

Deel C 10.5

Heidi Peter Heidi Group

R R Adj
Inkomste 520,000 450,000 970,000 1
Koste van verkope -320,000 -300,000 -620,000 1.5
Bruto Wins 200,000 150,000 350,000
Verspreidingskoste -30,000 -42,000 -72,000 1
Administratiewe uitgawes -45,000 -45,000 -90,000 1
Wins voor belasting 125,000 63,000 188,000
Inkomstebelasting uitgawe -20,000 -18,000 -38,000 1
Wins vir die jaar 105,000 45,000 150,000

Wins toeskryfbaar aan:

Aandeelhouers van die moeder (150 000 - 13 500) 136,500 1P
Nie-beherende belang 13,500 0.5 P

Total 7
Deel D

Behoue verdienste van Heidi aan die begin van die jaar 1,200,000 0.5
Sedert verkryging behoue verdienste van Peter Ltd (800 000 - 500 000) x 70% 210,000 1.5
Wins vir die jaar toeskryfbaar aan aandeelhouers van die moeider 136,500 0.5 P
Consolidated retained earnings at the end of the year. 1,546,500 0.5 P

Total 3

Of Heidi Peter Total

Behoue verdienste aan die begin van die jaar 1,200,000 1,200,000 0.5
Seder verkrgings behoue verdienste 210,000 210,000 1.5
Wins vir die jaar 105,000 31,500 136,500 0.5
1,546,500 0.5